Will Mumbai Lose its Status asa Financial Capital Of India

As the hatred of non-maratis is fueled in Mumbai more and more, those who invest and run businesses there will become more and more uncomfortable. This will result from increased difficulty in getting routine things done; increased levels of uncertainty in what was taken for granted till now. Investors always get nervous when uncertainty increases. See what happened in west bengal with the nano project.

Over the years to come things will gradually move out of mumbai and dispersing around the country. By that time all the people who started this wholly unnecessary campaign would have passed on. So who benefits.....The common man alone suffers. 

Sad but true....such short sighted policies that divide people seldom improve anything. They only destabilize.

Mumbai will reduce in acceptability....bit by bit....but reduce it will.

Dear Wayne..

gone thru your Post.... you have rightly pointed out some current issues....

As being in Logistics Inds you may feel rite of my point...

1. India has major manufacturing of Chemicals, Textiles and Pharma based in Gujrat which contributes to the Major of our Exports to American and Europian countries where we have distinct advantages of low cost offering over the other exporting countries... and Mudra and Kandla ports are under developments and UMPP ( Ultra Mega Power Projects) are also joining hands for the developments of State of Gujrat... Its not only Infrastructure development work but also Industries development work going on in Gujrat...

2. Major Businessmens of Indian virgin are gujraties and scenario is that they Stay in Mumbai and had offices in Mumbai... but there manufacturing base is in Gujrat only...... The opening of these ports will reduce their dependancy on Mumbai ports and cost implications therefore.. The traffice from major North and western Part will be diverted to these ports.. Instead on Mumbai...

3. Since Independance Mumbai has strategic advantage of having Port and International connectivity of Airlines... I feel Ahmedabad Airport is also opening up for International Airlines... Indian Airlines already had International flights starting from Ahmedabad... So both Advantages are loosing...

4. State Govt of Gujrat call VIBRANT GUJRAT meetings everyyear where they ask Every and Individual Inds about the Expansions, Additional investment in Inds for the upcoming years etc.... so they are more keen for Total development of the State... Industries are the Major contributor towards the growth of State and flow of Money as Investment in the State... In short they keep track of every minute things to be done for growth of Individual as well State...

5. I even feel per capita Income of person based in Gujrat is higher than in Maharashtra...

6. Maharashtra on the contrary has many problems like.. High cost towards Manpower, Labor Unions, High cost of Land, Water, huge Taxes, less subsidies etc.... The Mahrashtra State Govt Hardly takes any Innovative step to attract Manufacturing Industries...

7. The world Economies ( Japan, Germany, UK, US etc) are evolved only from Manufacturing Inds and less on Services Inds which Maharashtra has major presence... wether Hotel, Software, Banking  etc....

These are couple of points besides Terror, I feel needs to be addressed carefully as to Mumbai to be the Financial capital of India....  Please comment

S.. I fully Agree to you and strongly feel the Financial Capital will be very soon shifted to neighbouring state... there are couple of reasons for the things...

1. The first & foremost being the Problems in day to day life for every human being and failure to get resolved faster than the speed of raising the problem.....

2. Terrorism in the states.. making common man UNSAFE AND UNSECURED to Live and grow ... wether thru Internal agencies or External Terrorism...... It is going to bring the same result... This is the most potential threat for Mumbai as an Investment point of view in Infrastructure, Assets etc...

3. The faster growth rate in the neighbouring State...

4. Mumbai since beginning was enjoying advantages of PORT availability, Internation route thru Air ports etc... The development of Kandla Port, Adani port are potentially threat for Mumbai also and attractive Subsidies put up by Govt of Gujrat helps to develope area and business faster than even in States of Maharashtra...

5. Gujrat being the major contributor to theIndividual Business growth by Origin and they used access the Nationa and world from Mumbai. I feel bringing up some gud business strategies can help shifting major Businessmens to neighbouring states...

6. The raising cost of living, Manpower, Electricity, Taxes, Water and other Raw Materials has been witnessed since long years.. so all major Inds from Mumbai and around were shifted to Pune, Kolhapur & other near by area... But now the Problems are raining and needs very careful attention to Maintain Status eanred since Independance of the nation.....

They are other problems also which may force every business owner to think on Mumbai as park for investment...

With events in last many years has shown that Mumbai has done little to maintain its status a Financial capital of India. Be it Infrastructure, affordability, peace. Since Investment  attracts FII they need world Class Infrastructure like road, Water, Education, Recreation and Mumbai lacks in most of this. Which city could take over May be Ahmedabad. With recent incident It proves that one man can still stop the whole city which is really against to remain Financial Capital. With rise of fanatics its not Why its about When